From The Economic Times · Bloomberg · · 1m
Korean Stocks Slump as AI Hype Fades
Korean stocks drop as global AI trade cools.
In brief
Korean stocks drop as global AI trade cools. South Korea's stock market struggles as AI hype fades, with the Kospi losing 22% since its first-half peak. Originally reported by The Economic Times.
Korean Stocks Struggle
South Korea's stock market faces declining investor interest as global AI trade cools.
Kospi Loses 22%
The Kospi, world's best-performing benchmark in first half, has dropped 22% in second half.
AI Trade Fades
Global AI hype fades as investors question memory chip demand sustainability.
Samsung and SK Hynix Buybacks
Samsung and SK Hynix completed 55 trillion won ($41 billion) stock buybacks.
Foreign Investors Retreat
Foreign investors are retreating at the fastest pace in Asia as AI trade cools.
Market Turnover Drops
Stock market turnover has fallen 70% from late May peak as AI trade cools.
Investor Confidence Falls
Investor confidence drops as memory chip demand questions the AI boom cycle.
The short version
South Korea's stock market struggles as AI hype fades, with the Kospi losing 22% since its first-half peak.
